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Worldcom: Concern unwarranted, says VSNL

"The concern that VSNL may not recover large sums of money from Worldcom seems unwarranted at this point of time," VSNL director (operations) N Srinath said in a late evening statement in Mumbai.

"We are continuing to monitor the situation closely and believe that our discussions with Worldcom will continue in a positive and mutually beneficial manner," he added.

Since becoming aware of Worldcom inflating its profits by about $3.5 billion, VSNL has been in constant touch with the telecom company at multiple levels, he added.

Worldcom was one of the major carrier partners of VSNL with whom 'we exchange significant traffic from the US', he said.

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